This Silent Monster is eating all your savings and you are doing nothing about it!!
We all have dreams. We dream to become financially independent one day and to retire with a big corpus. Little we may save but so be it. We invest in various schemes and sleep peacefully at night thinking that our piggy bank will turn into kuber's wealth one day. But what if there is a silent monster out there who is slowly killing our dreams and turning it into a nightmare? Yes I'm not kidding. There is truly a monster out there and its name is Inflation. In layman's language inflation means price hike or reduction in purchasing power. Do you remember the ice cream you bought at Rupees five in your childhood? Today it is worth ten rupees. The same ice cream. This is inflation or hike of price of the ice cream. That same thing but now you have to spend more to buy it. The silent monster is slowly killing your purchasing power. But can we spare this monster? What we should do to beat it? For that first, we need to understand it more clearly. Inflafion denotes a rise ...